Two family-owned food businesses, both suppliers and service providers to the olive and condiment market in North America, will merge in 2008.
No financial terms were disclosed.
Effective January 1, 2008, the companies will begin operations under the name Mario Camacho Foods.
Angel Camacho Group is a fourth-generation, family-owned and operated olive business with more than 100 years of experience in fruit procurement to processing, and importing to distribution, the release said.
Mario Olives is also a family-owned and operated food business. Company executives believe that the merger will expand each company’s product lines and distribution capabilities, as well as global logistics and trading ability.